a Berkshire Hathaway affiliate

$950,000

5358 W Highway 61, Lutsen Twp


5358 W Highway 61 Lutsen Twp, MN 55612

For Sale MLS# 5226021

2,220 sq ft Commercial

Data current as of {{getLocalTime('2020-01-29T20:40:43Z')}}

Details

MLS# 5226021

Description for 5358 W Highway 61, Lutsen Twp, MN, 55612


Here is your opportunity to own one of the Lutsens most historical landmarks, Lockport. This thriving business has been the local go to for locals and tourists alike since 1928. Lockport's 6th owners say its time to pass the torch! This 1.85 acre property sits on the lake side of Hwy 61, with a roaring rapids to the north and close proximity to Lutsen resort and bike trails and most importantly majestic Lake Superior. Current business is used as a Gas Station, cafe, general store and off sale. Upstairs is used as a apartment that has strong rental history, and downstairs has ample business opportunity and has been used as a furniture store in the past. There is room to the south to expand or to build to suit. Only 10% of land in this area can be developed and the location halfway between Thunder Bay and Duluth make its location one of a kind. Strong financials and a history of sales that provide a great opportunity to live and work on the North Shore. Come write your own chapter!

Listing Information


Property Type: Commercial, Business Opportunity,Retail/Shopping Center

Status: Active

Lot Size: 1.85 Acres

Square Feet: 2,220 sq ft

Year Built: 1928

Foundation: 1,620 sq ft

Garage: No

Stories:

Construction:

Property Attached: No

Date Available:

Model Home:

Development:

Completion date:

Subdivision:

Builder:

Foundation:

Total Units: 1

Current Use: Restaurant,Commercial,Retail

Background Check: No

Furnished:

Smoking Permitted: No

In Foreclosure: No

Lender Owned: No

Potential Short Sale: No

Auction: No

County: Cook

Days On Market: 266

HERS Score:

Construction Status: Previously Owned

School Information


District: 166 - Cook County

Elementary:

Middle:

High:

Interior Features


Square Footage above:

Square Footage below:

Flooring:

Basement: Partial, Walkout

Accessibility: Wheelchair Ramp

Additional Interior Features:

Utilities


Water: Well

Sewer: Private

Available Utilities:

Other Utilities:

Heating: Propane, Hot Water, Boiler

Exterior / Lot Features


Parking Spaces: 20

Parking Description: Driveway - Asphalt

Exterior: Brick/Stone, Wood

Lot View:

Lot Dimensions: 1.85 acres

Farm Type:

Crop Type:

Zoning: Business/Commercial

Additional Exterior/Lot Features:

Soil Type:

Tillable Acres:

Driving Directions


Hwy 61 North out of Lutsen, about 1 mile out of town on east side of HWY.

Financial Considerations


Other Deposit Fees:

Covenants/Deed Restrictions:

Terms:

Tenant Pays:

Owner Pays:

Ownership Type:

Tax/Property ID: 271263340

Tax Amount: $2,186

Tax Year: 2019

HomeStead Description: Non-Homesteaded

Price Changes


$950,000 Original Price
$950,000 Current Price
+$0 Total Change
Date Price Change
5/6/2019 03:49 PM $950,000

Sales History

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Schools nearby 5358 W Highway 61

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The schools shown represent both the assigned schools and schools by distance based on local school and district attendance boundaries. Attendance boundaries change based on various factors and proximity does not guarantee enrollment eligibility. Please consult your real estate agent and/or the school district to confirm the schools this property is zoned to attend. Information is deemed reliable but not guaranteed.

SchoolDigger® Rating

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Status Definitions

For sale: Properties which are available for showings and purchase

Active contingent: Properties which are available for showing but are under contract with another buyer

Pending: Properties which are under contract with a buyer and are no longer available for showings

Sold: Properties on which the sale has closed.

Coming soon: Properties which will be on the market soon and are not available for showings.

Contingent and Pending statuses may not be available for all listings